Template-Type: ReDIF-Article 1.0
Author-Name:  Arif Zaman 
Author-Email: arifz@lums.edu.pk
Author-Workplace-Name: Lahore University of Management Sciences, Lahore.
Author-Name:  Asad Zaman
Author-Email: asadzaman@alum.mit.edu
Author-Workplace-Name: Pakistan Institute of Development Economics, Islamabad.
Author-Name:  Atiq-ur- Rehman
Author-Email: atiq@pide.org.pk
Author-Workplace-Name: Pakistan Institute of Development Economics, Islamabad.
Title:  The Concept of Stringency for Test Comparison: The Case of a Cauchy Location Parameter 
Abstract:  Strategies for comparison of alternative tests do not receive much attention in econometrics. The purpose of this paper is to introduce the concept of stringency and
illustrate it in the context of a very simple hypothesis testing problem. Systematic use of this concept can be very helpful in evaluating relative performance of tests
Classification-JEL: C12
Keywords: Power Envelope, Location Parameter, Stringent Test.
Journal: International Econometric Review
Pages: 1-20
Volume: 9
Issue: 1
Year: 2017
Month: April
File-URL: http://www.era.org.tr/makaleler/9030117.pdf
File-Format: Application/pdf
Handle: RePEc:erh:journl:v:9:y:2017:i:1:p:1-20